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News Breaks | | | | January 15, 2013 | | 12:27 EDT |  | LULU, TGT, AAPL, SNTS, RSH, GIVN, EXPR, FB | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but off early lows as investors digested a batch of mixed domestic economic data. Retail sales were stronger than expected in December and inflation, as measured by the producer price index, was cooler than expected. However, manufacturing in the New York region contracted in January for the sixth straight month. Fears about the impact of the ongoing debt ceiling debate flared again after President Obama and Fed Chairman Bernanke both spoke about it yesterday and ratings agency Fitch warned that the U.S. could lose its top credit rating if its spending issues were not addressed... ECONOMIC EVENTS: In the U.S., the January Empire State Manufacturing Survey from the New York Fed rose slightly to -7.78 from last month's -8.10 reading, but missed forecasts for a rise to 0.00. The Commerce Department said retail sales increased 0.5% in December, versus the expected increase of 0.2%. Producer prices fell 0.2% during last month, versus the expected decrease of 0.1%. Business inventories grew 0.3% in November, matching expectations. In Europe, Germany's statistics office said the nation's economy grew by 0.7% in 2012, but its gross domestic product declined 0.5% in Q4. However, the euro zone recorded a higher than expected trade surplus in November thanks to surging exports and flat imports... COMPANY NEWS: Apple (AAPL) narrowly avoided closing below $500 yesterday, but has spent all of today's session below that level amid some conflicting analyst commentary. Research firm Nomura lowered its estimates and price target for Apple, while Sterne Agee, Jefferies and RW Baird all made positive comments... Facebook (FB) shares rose about 1% ahead of its press event, scheduled for 1 pm ET, for an as yet unnamed product or feature it is building... Radioshack (RSH) shares, which had initially moved higher after the company said it is terminating a mobile partnership with Target (TGT), slid over 3% near noon... MAJOR MOVERS: Among the notable gainers were Express (EXPR), up 22% after raising its Q4 and FY12 EPS views, and Santarus (SNTS), up over 9% after getting FDA approval for a drug and guiding to revenue above the Street's expectations. Among the noteworthy losers was lululemon (LULU), which slid more than 6% after providing disappointing revenue guidance. Also lower were U.S.-listed shares of Given Imaging (GIVN) which dropped over 11% after the company said it is no longer considering a sale or merger and that its controlling shareholder plans to seek and consider a sale of its stake... INDICES: Near noon, the Dow was down 5.33, or 0.04%, to 13,501.99; the Nasdaq was down 10.65, or 0.34%, to 3,106.85; and the S&P 500 was down 1.53, or 0.10%, to 1,469.15. | |
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News For AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN From The Last 14 Days Check below for free stories on AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN the last two weeks. |
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| May 23, 2013 | | 08:06 EDT |  | TGT | Target positive catalysts still intact, says Wells Fargo
 Subscribe for More Information | | | 07:11 EDT |  | AAPL | EU's Barnier wants big companies to disclose national tax bills, Reuters reports
Subscribe for More Information | | | 06:08 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 06:04 EDT | | AAPL | Apple hoping to launch music service at June conference, NY Post reports
Subscribe for More Information | | | 05:45 EDT | | AAPL | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT | | TGT | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 14:27 EDT |  | FB | comScore says Google Sites lead April U.S. online video rankings
Subscribe for More Information | | | 12:20 EDT | | TGT | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:07 EDT | | AAPL | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
Subscribe for More Information | | | 11:13 EDT |  | TGT | Target continues to see EPS of $8 or more by 2017
Subscribe for More Information | | | | 11:10 EDT | | TGT | Target lowers FY13 SSS view to 2%-2.5% from prior view 2.7%
Subscribe for More Information | | | 11:08 EDT | | TGT | Target sees Q2 SSS 2%-3%
| | | 10:37 EDT | | FB | Pandora extends Facebook partnership with timeline App
Subscribe for More Information | | | 09:53 EDT |  | TGT | Target slides following earnings, levels to watch
Subscribe for More Information | | | 09:42 EDT | | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT |  | AAPL | Active equity option families trading
Subscribe for More Information | | | 08:59 EDT | | TGT | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:58 EDT |  | FB | Facebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank. | | | 07:38 EDT | | TGT | Target says 'disappointed' in Q1 performance
Subscribe for More Information | | | 07:35 EDT | | TGT | Target lowers FY13 adjusted EPS view to $4.70-$4.90 from $4.85-$5.05
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